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A banker’s favourite smell is …

Interesting supplement in today’s Times newspaper on careers with an 8-page supplement on careers in Banking.   A few choice quotes: “Confidence in the world’s financial markets is shaky” “Lehman Brothers, UBS, Morgan Stanley and Credit Suisse have all announced redundancies” “Is now the worst time to consider a career in banking” Mmmm … sounds a…

ACORD Leads In Standards for London Insurance Firms

London-based insurance firms have struggled, largely unsuccessfully so far, to work with each other through electronic channels. ACORD, the US insurance standards organization which has been expanding into international markets, appears to be the leader in driving standards, the key to electronic business, into the London market and its global affiliates. An ACORD-sponsored two-day forum…

Do banks really know their customers?

I recently organised two debates at the Financial Services Club entitled "This House Believes We Really Know Our Customers".  Both debates focused upon fraud and money laundering (AML) and the vote at the end of both debates resulted in a resounding rejection … as in this house believes we really don’t know our customers.  I…

Do banks really know their customers?

I recently organised two debates at the Financial Services Club entitled "This House Believes We Really Know Our Customers".  Both debates focused upon fraud and money laundering (AML) and the vote at the end of both debates resulted in a resounding rejection … as in this house believes we really don’t know our customers.  I…

The Future of Finanical Crises -Merton and Scholes at IAFE NYC

The International Association of Financial Engineers is bringing in two heavy hitters to discuss the future of financial crises — Robert C. Merton and Myron S. Scholes (If you have to ask, this probably isn’t for you), but: Robert C. Merton is the John and Natty McArthur University Professor, Harvard Business School & IAFE Senior…

The Future of Finanical Crises -Merton and Scholes at IAFE NYC

The International Association of Financial Engineers is bringing in two heavy hitters to discuss the future of financial crises — Robert C. Merton and Myron S. Scholes (If you have to ask, this probably isn’t for you), but: Robert C. Merton is the John and Natty McArthur University Professor, Harvard Business School & IAFE Senior…

Financial Insights – Top 10 Trends in Banking — The Teaser

And the top three: Information lifecycle management rather than just information management Technology refresh, or Dynamic IT, which involves wrapping new technology around old legacy systems. Sounds like a new name for Saas. It also seems to me that wrapping legacy systems by itself, without a larger strategy for moving forward, risks getting stuck with…

Financial Insights – Top 10 Trends in Banking — The Teaser

And the top three: Information lifecycle management rather than just information management Technology refresh, or Dynamic IT, which involves wrapping new technology around old legacy systems. Sounds like a new name for Saas. It also seems to me that wrapping legacy systems by itself, without a larger strategy for moving forward, risks getting stuck with…

Intelligent Money: Our Future Is Where We Do Not Think About Money, As Our Money Thinks For Us

What is the future?

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